Flood-related catastrophic events (CAT) create unique challenges for managing the disposition of vehicles damaged by flood waters. Whether you’re an insurance VP of claims, a manager of an auto dealership, or anyone playing a key role in managing appraisal and salvage vendors, this can be a stressful process, and the unknowns at this point may…

At Vemark, we’ve been working with insurance companies on their total loss claims and vehicle disposition for over twenty years. Over that time, we’ve seen that the total loss process is often difficult for insurance carriers to manage, with many moving parts, and that total loss is usually the largest cost center. Despite that, the total…

As an insurance agency or vehicle claims processing company it’s never been more important to start cutting costs — and there’s no better place to begin than your total loss process. Here are the top 5 ways your agency’s current total loss process may be hurting your bottom line: Holding costs Holding costs can run…